26,451 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,451 shares of the energy exploration company's stock, valued at approximately $3,242,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Financial Life Planners purchased a new position in EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd lifted its holdings in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EOG shares. Raymond James reiterated a "strong-buy" rating and set a $140.00 price target on shares of EOG Resources in a report on Monday, April 21st. Wells Fargo & Company reduced their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. KeyCorp reduced their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley reduced their price target on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Piper Sandler reduced their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and a consensus price target of $140.63.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $1.13 on Wednesday, hitting $115.52. The company's stock had a trading volume of 3,878,499 shares, compared to its average volume of 3,287,066. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $116.42 and a 200-day moving average price of $124.42. The company has a market capitalization of $63.05 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.